Mizuho downgraded shares of Line (NYSE:LN) from a neutral rating to an underperform rating in a research report report published on Wednesday morning, The Fly reports.

Other equities research analysts also recently issued research reports about the company. CLSA raised Line from a sell rating to an underperform rating in a report on Thursday, January 11th. Zacks Investment Research downgraded Line from a hold rating to a sell rating in a report on Wednesday. ValuEngine raised Line from a sell rating to a hold rating in a report on Tuesday, October 31st. UBS Group raised Line from a sell rating to a neutral rating in a report on Tuesday, October 31st. Finally, Deutsche Bank raised Line from a hold rating to a buy rating in a report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Line presently has a consensus rating of Hold and a consensus target price of $47.00.

Shares of Line (NYSE LN) opened at $43.67 on Wednesday. Line has a twelve month low of $30.90 and a twelve month high of $47.81.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. lifted its stake in shares of Line by 103.9% in the 2nd quarter. Advisor Group Inc. now owns 3,293 shares of the technology company’s stock valued at $115,000 after acquiring an additional 1,678 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Line in the 2nd quarter valued at $197,000. Nomura Holdings Inc. bought a new position in shares of Line in the 2nd quarter valued at $241,000. FNY Partners Fund LP bought a new position in shares of Line in the 4th quarter valued at $553,000. Finally, OxFORD Asset Management LLP bought a new position in shares of Line in the 2nd quarter valued at $584,000. Institutional investors own 3.59% of the company’s stock.

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About Line

LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.

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